Ethereum (ETH) rallied 5.68% to $3,682.93 amid massive institutional accumulation, reflecting growing market confidence. The move represents Ethereum’s strongest daily performance in over two weeks, fueled by purchases exceeding 1.35 million ETH across major institutional players.
BitMine emerged as the top public Ethereum holder, acquiring over 833,000 ETH worth approximately $2.9 billion within 35 days at an average price of $3,491.86. Simultaneously, Ether Machine purchased 10,605 ETH ($40 million) at $3,781 per coin, boosting its total holdings to 345,362 ETH. SharpLink Gaming secured its position as second-largest public holder by adding 18,680 ETH ($66.6 million) to its treasury, which now commands about $1.8 billion in Ethereum value.
The institutional influx coincides with Ethereum’s sustained dominance in decentralized finance, where over 90% of tokenized real-world assets reside on its blockchain or Layer-2 networks. This infrastructure facilitated over $170 billion in decentralized exchange volume, cementing Ethereum’s pivotal role in the digital asset ecosystem.